The Strait of Hormuz is back in focus. President Trump posted overnight that shipping through the strait would be "paused" pending a peace deal with Iran. The blockade remains in force. Oil markets responded immediately, with USO options lighting up across near-term expiries. Energy names Marathon Petroleum and Devon Energy — already up 55% and 40% year-to-date respectively — are drawing fresh options interest as traders position for more volatility.
Super Micro Computer posted Q3 2026 results overnight. The earnings call transcript landed with a high-impact score. SMCI has been a heavily watched name in the AI infrastructure trade. Coty beat expectations sharply, guiding full-year adjusted EPS to $0.33–$0.35 versus the $0.27 consensus estimate. guided FY2026 revenue to $105–$115M, bracketing analyst estimates. In Europe, luxury group reports today with investors watching for signs of stabilisation after a brutal run.
GameStop short interest climbed to 17.1% of free float. Congressional trading news added noise to the meme stock. Meanwhile, the single biggest insider exit was a $141.5M block sale at Solaris Energy Infrastructure. Analysts lifted targets on industrials. Caterpillar saw the biggest absolute target jump of the week — $17 higher to $890.64.
Today also brings results from Cencora, BorgWarner, and Albemarle after the bell. It is a packed week. Investors will be watching for any tariff-related guidance commentary across sectors.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
